Which of the following is an economic need?
A) Desire for self-satisfaction and convenience
B) Desire for efficiency in the consumer's investment plans
C) Desire for efficiency in the use of the consumer's time and money
D) Desire for prestige and paying a high price for the best quality
E) Desire for status and paying a high price for the best quality

Question

Quizplus · Accepted Answer

Economic needs are concerned with making the best use of a consumer's time and money-as the consumer judges it.

Which of the Following Is an Economic Need